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Rumor: Zhone's New Home

Phil Harvey
12/8/2009

Is Alcatel-Lucent (NYSE: ALU) about to become Zhone's new landlord?

A tipster writes that a "long-time Zhone employee" said that the company is selling its Oakland, Calif., headquarters location and will soon be leasing space "in Ascend's old buildings, now owned by Alcatel-Lucent."

We'll check on Zhone Technologies Inc. (Nasdaq: ZHNE)'s HQ status shortly. In the meantime, it's a believable tip, given that Zhone is seeing its customer base consolidate as its competitors get stronger, and is expecting operating losses and negative cashflow for the foreseeable future.

The company's latest filings with the Securities and Exchange Commission (SEC) include a very broad-based warning that can't help but fuel such speculation: "In order to meet the Company’s liquidity needs and finance its capital expenditures and working capital needs for the business, the Company may need to raise additional capital through the issuance of debt or equity financing or the sale of assets."

— Phil Harvey, Editor-in-Chief, Light Reading

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jggveth
jggveth
12/5/2012 | 3:51:30 PM
re: Rumor: Zhone's New Home


Phil, Are you making a comment on the number of Indian employees?

paolo.franzoi
paolo.franzoi
12/5/2012 | 3:51:30 PM
re: Rumor: Zhone's New Home


Zhone Way will be renamed.  Some ideas:


Fail Way, Zhone Over There Place, No Zhone Way


I wonder if moving might not help them - perhaps being so close to the Raiders, Warriors and As has an effect.  Losing is contagious I have heard.


seven


 

DCITDave
DCITDave
12/5/2012 | 3:51:30 PM
re: Rumor: Zhone's New Home
from Zhone Way to Goa Way?
DCITDave
DCITDave
12/5/2012 | 3:51:29 PM
re: Rumor: Zhone's New Home
No.
DCITDave
DCITDave
12/5/2012 | 3:51:28 PM
re: Rumor: Zhone's New Home
Right, but Go Away doesn't work with the joke when Zhone Way is the street name and we are (in theory) changing Zhone. You dig?
jggveth
jggveth
12/5/2012 | 3:51:28 PM
re: Rumor: Zhone's New Home
OK. Goa is a state in India.
DCITDave
DCITDave
12/5/2012 | 3:51:26 PM
re: Rumor: Zhone's New Home
dang. great info, though. thanks for the post. we're waiting to hear from zhone so I'll update you as soon as we hear something.
andrew_
andrew_
12/5/2012 | 3:51:26 PM
re: Rumor: Zhone's New Home


Lucent sold the Ascend campus in 2003, so whether this rumor is true or not (and I can believe it is), they won't be Zhone's landlord.


http://www.thewaterfronthb.com...

bollocks187
bollocks187
12/5/2012 | 3:51:21 PM
re: Rumor: Zhone's New Home
Less we forget this company was born out of Morey raising 1/2 Billion.

They are a company that only exists by scavenging technology - they have done nothing to contribute to the industry.

They do not even have a credible/proven team !
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